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Latest Industry news and information |
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INTRODUCTION
About the Manufacturing Survey
In line with our vision, “to be a world class leader in building a legacy of prosperity through the development of sustainable business and social programmes”, the Confederation of Zimbabwe Industries (CZI), conducts an annual survey to provide...
BY Bernard Mpofu, Chief Business Reporter FINANCE Minister, Tendai Biti, could be on a collision course with local industries after the Confederation of Zimbabwe Industries (CZI) gave the Treasury chief an ultimatum to effect measures protecting domestic manufacturers from imports,
THE use of hard currency have presented sleepless nights for companies that survived through rent seeking during the turbulent hyperinflationary era and company executives should go back to the drawing board and relook at their business models to wade through a cash crunch in the economy...
FORMER ZESA Holdings chef executive Eng. Ben Rafemoyo has warned that the desire by the Harare City Council to transfer management of the Harare Thermal Power station to the Harare City Council from ZESA could result in a 100 percent increase in power tariffs for restive consumers.
NSSA has availed funds to industry at interest rates of around 15% but industry has urged NSSA to lower these rates even further to make them more affordable.
THE Confederation of Zimbabwe Industries (CZI) 2011 Annual Congress was a true meeting of great minds which saw a spirited articulation of real issues culminating with resolutions which, if worked on seriously, will see a better economic environment in Zimbabwe. A number of issues were raised f...
THE long awaited Bilateral Investment Promotion and Protection Agreement (BIPPA) between Zimbabwe and Botswana which is expected to facilitate the release of the P500 million (US$70 million) has been signed.
ZIMBABWEANS should work extra hard to mitigate the effects of sanction and not only cry foul as doing so will only exacerbate the intended situation, the Vice President, Hon Joyce Mujuru has said.
Zimbabwe’s manufacturing sector plans to spread its wings into Botswana following a market finding mission that the Confederation of Zimbabwe Industries (CZI) embarked on this month.
THE Confederation of Zimbabwe Industries has called on the Government to deal with the country’s huge debt overhang among issues requiring redress to aid industrial and economic recovery.
The Confederation of Zimbabwe Industries (CZI), as part of its social responsibility drive, is donating 30 baggage bins, three 5 000l water tanks and cash to selected institutions.
The Confederation of Zimbabwe Industries (CZI) hosted a 23 member Japanese business delegation exploring investment opportunities in the country.
Leadership is defined as being distinct from management. It is the art of getting people to move together toward a goal they don't yet see. It is a critical management skill, which embraces the ability to motivate a group of people towards a common goal.
Following the availing to CZI members of the $500 million investment in platinum development and expansion projects by ZIMPLATS which are to take place over the next few years, ZIMPLATS and CZI organized a tour of the ZIMPLATS project in Ngezi about 150km south of Harare.
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Reports from the Committees
Latest from CZI Committees
Download the CZI Membership Needs Satisfaction Survey Questionaire. Download
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Members Update
With much appreciation!
As CZI, we would like to extend our gratitude to all the delegates who attended this year’s congress and a huge Thank You to all our sponsors. This Year’s Congress would not have been a success without your unwavering support
ADVICE TO BUSINESSES ON SIGNING OF NEW ZESA RING FENCED TARIFFS
ADVICE TO BUSINESSES ON SIGNING OF NEW ZESA RING FENCED TARIFFS
It has since come to our attention through our members that ZESA is sending new contract forms for the ring fenced customers. In these new contracts, ZESA is asking companies to sign up new contracts based on a new set of conditions which include an increase of tariff from 12,77USc/kWh to 14.84USc/kWh for low Voltage Supply customers(capacity up to 300kVA). For high Voltage Supply customers (capacity exceeding 300kVA), the new contracts have a heavy Maximum Demand Charge and Time of Use (i.e. Peak, Standard and Off-Peak) charges.
CZI strongly objects to such heavy increases hence we are now engaging ZESA and the Zimbabwe Energy Regulatory Authority (ZERA).
Under the Energy Regulatory Act, new tariffs are subject to consultation with customers and approval by ZERA which, to our understanding, has not happened.
Also the contract that companies are being asked to sign by ZESA indicates the contracts are by mutual agreement - implying therefore that they should be negotiated. This has not yet happened. CZI is currently negotiating with ZESA and ZERA .
Members are therefore advised not to panic and not to sign the new contracts, pending the outcome of negotiations.
Did you Know?
Traffic lights were used before the advent of the motorcar.
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